Ok Tedi Mining Resumes Operations
Ok Tedi Mining Limited (OTML) has announced that it has returned to normal production after the second of the two processing circuits which were damaged in a fire incident on the 20th of December 2020 was restored recently.
OTML Managing Director and CEO, Musje Werror expressed his appreciation to the team who worked for almost 6 weeks. “The commitment shown by our workforce, particularly over the festive season, was a testament to the One Team Wan Pasin spirit at Ok Tedi,” he said.
He added, “Returning the first of the two circuits to the operation was a key milestone as it allowed the Company to recommence production and meet our January shipments. Damage sustained to the SAG-1 was however more severe and required two new switching equipment. The new equipment, which was flown to site on a specially chartered Hercules C130 aircraft last week, was successfully installed over the weekend.”
Werror added that the cost of the fire was US$100 million, that a strong balance sheet is needed for protection against these unfateful events. “We have demonstrated previously that the Company is able to remain profitable and healthy despite such challenges, and we expect to do so again in 2021,” he said,